Statutes > Washington Statutes > Title 32 - Mutual savings banks > 32.32 - Conversion of mutual savings bank to capital stock savings bank. > 32.32.080 - Uniform sales price of shares required -- Application to specify arrangements on sale of shares not sold in subscription offering.

32.32.080 - Uniform sales price of shares required -- Application to specify arrangements on sale of shares not sold in subscription offering.

Uniform sales price of shares required — Application to specify arrangements on sale of shares not sold in subscription offering.

The sales price of the shares of capital stock to be sold in the conversion shall be a uniform price determined in accordance with RCW 32.32.290, 32.32.305, and 32.32.325. The applicant shall specify in its conversion application the underwriting and/or other marketing arrangements to be made to assure the sale of all shares not sold in the subscription offering.

[1981 c 85 § 15.]